Logistics Automation Market grow with a CAGR of 14.01% | Impact and Opportunities During Coronavirus Lockdown and Forecast Assessment 2021-2028 | Jungheinrich AG, WiseTech Global Limited, System Logistics Spa

Report Ocean releases its latest report on the global Logistics Automation Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Logistics Automation Market.

Global Logistics Automation Market size was valued at USD 50.01 Billion in 2020 and is anticipated to reach USD 148.12 Billion by 2028, growing at a CAGR of 14.01% from 2021 to 2028. 

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Growth Drivers

Exponential growth of the e-commerce industry

The e-commerce explosion in current years has impacted the manufacturing, retail, and logistics industries intensely. In the last few years, the retail sector is transitioning from traditional brick and mortar stores to online stores. Such a change is putting tremendous pressure on the supply chains and warehousing systems, which is further increased by the labor challenges. 

Logistics Automation is a solution to these tests and is being executed worldwide to smoothen the operating processes. Hence, the e-commerce boom is motivating the market for Logistics Automation.

Increasing use of Robotics

The transport management and warehouse management are proactively accepting logistics automation robots, which mechanizes moving goods and keeping across the supply chain operations. The logistics automation robots are combined with crosswise warehouses and loading facilities for organizing and shipping the products. These robots also offer improved uptime levels compared to manual labor, which leads to the growth in productivity and effectiveness of the industry.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Logistics Automation Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Logistics Automation Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Logistics Automation Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Logistics Automation Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Logistics Automation Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Logistics Automation Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Logistics Automation Market provides insight into the factors influencing its growth. This market study breaks down the Logistics Automation Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Logistics Automation Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Logistics Automation Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Logistics Automation Market are:

Dematic Corporation (US), Daifuku Co., Ltd. (Japan), Murata Machinery, Ltd. (Japan), Honeywell Intelligrated, Inc. (US), KNAPP AG (Austria), Swisslog Holding AG (Switzerland), TGW Logistics Group GmbH (Austria), SSI Schaefer AG (Switzerland), Mecalux, S.A. (Spain), VITRONIC (Germany), BEUMER Group (Germany), Toshiba Logistics Corporation (Japan), Jungheinrich AG (Germany), WiseTech Global Limited (Australia), System Logistics Spa (Italy), Falcon Autotech (India), SI Systems, LLC (US), ULMA Handling Systems (Spain), Inspirage (US), FRAMOS (Germany), Matternet Inc. (US), Pcdata BV (Netherlands), Hinditron (India), JBT Corporation (US), and OPEX Corporation (New Jersey) and other prominent players.

Scope of the Report

The global Logistics Automation Market segmentation focuses on:

·         By Component

ü  Warehouse & Storage Management

ü  Transportation Management

·         By Organization Size

ü  Large Enterprises

ü  SMEs

·         By Vertical

ü  Retail & E-commerce

ü  Automotive

ü  Manufacturing

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This release was published on openPR.